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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not 1 f7 g$ {& O9 [" u
expect much from Crude Oil producers and future is not with the 1 U2 k+ j. A. ^4 ~! S
companies producing Jet fuels but Biofuels. Also no wonder if some of & N8 l9 s8 j2 M2 f, @  V0 ~  N9 j+ ^
these oil producer will go bankrupt or out of the business even if $ x* O! A% v' h4 d
crude prices improves. This implies also to good names such as Shell,
- M1 |( d0 H+ }& \+ j8 Y0 \0 |EXXON, BG, BP, Cheveron ....xyz.. oils 0 L/ o/ y( b4 K% L6 l& E: X
7 y5 e9 m% Z# }
Recently OPEC reduced crude oil production twice over just a few 3 i8 }- V9 u+ E  i; X
months. There are three wars going on in Gaza, Iraq and Afghandistan. * J! o1 F1 E6 \8 }' ~: e- g
A year ago these things would have spiked the price of crude oil by at ! Y" F6 @" d& A
least $50.00 per barrel. Today, oil price declined by a record amount. * n& ~+ ~8 x8 ]6 {
8 o$ C' Z: \: z
2 e/ x( K) ~0 |$ t! }: o4 K. r$ @
There are several reasons the price of oil is decreasing in the face   L7 u  Y% O- |7 a
of so much news. These reasons are:
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+ ~; D* n  ?1 s7 W. u/ v5 `" h1 b8 _7 K! m5 o3 b8 t/ p# E
1. New oil has been found in Canada, Montana, North & South Dakota and ; w3 V8 R) d4 d0 a
in the ocean near Brazil. Each of these oil fields has more oil than
- G( A& D- M  S4 i& Z' }1 _Arabia.
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2. New natural gas has been found in Pennsylvania and West Virginia.
; b, C" Z- c$ EThis is the largest find in North America. & J) E+ R" a/ {- @) [$ k2 n" z5 \& w
! e- U8 X  b5 ^) ?  B. |

& M1 D) d! q$ @3. New methods of injecting CO2 and surfactants into oil wells is
. W1 m' t& M4 S) T5 G9 V- Dbeing used to double their output. ) Z* {* m' g; e& T

7 L0 E8 U; ~+ x" C. I8 d
5 C0 M3 Y7 J1 J/ W4. Production of bio-fuels is beginning to reach critical mass. Bio - y) i  a; \% m" X! f
fuel is being produced from many plants and algae. The production 3 q- ~) L2 |' l# t6 C
potential per acre in some cases is astounding. Many countries are ' a# \2 v  X0 X( O9 R0 c- W
racing to produce bio fuels. . @9 f8 r4 S/ G- h
8 ~* ^3 w$ D, o, o7 Q& u

; ^, o$ Q9 Q1 q2 a% D! Z' S5 Q7 V5. Virtually every restaurant in the US and all food processing plants
. U+ Z/ S& _! H! M' t$ Y9 eare now selling their used oil to bio-diesel producers. Every pork, 8 Q$ b5 S! {" {; w, M: e
cattle, turkey and chicken processing plant will soon sell their fat : a) q* d) `8 P. t9 S2 |# \6 }
to bio-diesel producers. One pork processing plant in Oklahoma is
7 l7 D  [& Y2 @- `producing 30,000 gallons of bio-diesel per day from pork fat.
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  o2 V: W& e3 ?: \% a6. There are 99 nuclear reactors in various stages of planning and - |0 m, u& Z% q
construction around the world at this time. Several hundred more are - \! Y3 u+ |% P. t' x: Z6 R
expected to be built in the future. Much of the energy they produce 3 U% r* f( m! ^6 c' @" C; {
will replace oil.
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7. Every company in any form of transportaion business is replacing
- t/ A& u& A% W, {older equipment such as trucks, airplanes, train engines, ships, etc.
: z. E' B, I3 A) N, F' ]with new more fuel efficient equipment. Airlines and railway companies $ H! H4 p& \6 v  T% B
are experiencing 20% to 25% better fuel econony with the new
0 h, ]- @9 Z- |equipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio- 8 F; Z* F8 ?! A+ e; F
fuel is cleaner and performs better than jet fuel.   @$ [% y8 K  o

; ]" U8 W) @! ^, F8 R5 X4 Y' B4 [9 \
9 n5 g* _& ]( Z/ ~8 {8. Cities and counties throughout the US are selling the rights to
& n7 [4 Y' x2 i4 e8 {capture methane gas from landfills. This is a huge source of gas + \1 N& _4 f/ r/ `, x
available at very little cost or risk. The gas is displacing crude
% Y/ w6 z3 u) w' Ioil. , M  B* {2 y/ A0 \! {
( e, J; {& K* o3 e# m6 `+ S
3 U1 d8 V5 |& `# k- w# z3 M
9. Coal is being transformed into a clean burning liquid fuel. The CO2 ( Z: Y) _1 |9 h3 C; Z5 A. W% ~
produced as a byproduct is sold to oil companies for injection into - R+ R) q) Q$ l6 Z" |2 \# a
oil wells. 0 Z( j: ?0 X% ^# {) ^( A. i

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! R: p/ V/ E3 C  [/ z1 S7 [10. Solar, wind and ocean energy is displacing oil as an energy
! C$ l- a% Z* K' N' Csource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the ; v9 F5 S3 r; l% B% t
price of crude oil but the sum of all of them together is world $ Y/ [& z0 E: @* w* E5 w* _# \
changing. The important thing is that OPEC no longer has the ability 4 Z4 n1 u& ?( G6 k5 S5 c% x& }
to control oil prices.
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: _* i2 H3 L5 r* G4 s
With the above scenario, I still believe that there are under
- O& B& \% O5 W5 ]9 h6 y& J9 c5 Mperformed OIL companies and probably they are yet to get the justified   \# e" m, {7 W. `3 K
value .....
& G6 r( U% v( ?1 C8 p6 Y$ ]IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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! A+ n5 P8 m0 L4 \" `. Y9 zThe above articles are from WSJ .............PUBLISHED ON 9TH JAN - z4 m$ G% R, ?, M
2009 ... FYI-Only
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